Live Nation settles class-action lawsuit over fees

Live Nation Entertainment, an events promoter in California, has settled a class-action lawsuit over fees charged by its subsidiary, Ticketmaster. The lawsuit, originally filed by two individual Plaintiffs in a state court in 2003 and granted class-action status in September 2010, accused Ticketmaster of misleading customers when it added on $14.50 to $25 in delivery fees. The suit alleged that Ticketmaster suggested that the fees simply covered the cost of delivering the tickets, but that they were in fact designed to boost the company’s profits. Live Nation, which merged last year with Ticketmaster, agreed to settle the lawsuit in December, for $22.3 million. Refunds will be made to affected customers.